UBS CEO tells Credit Suisse staff to stay focused on clients and the business

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‘We cannot let ourselves get overly distracted by the integration efforts,’ says UBS CEO Sergio Ermotti.

The bank created by the merger is poised to reduce its workforce by 20% to 30%, Swiss dailyUBS vice chairman Lukas Gaehwiler told the bank’s shareholders on Wednesday, April 5, that it

was“While it’s too soon to speculate about the end state of the combined organization, you have my commitment that we will treat all employees of both Credit Suisse and UBS fairly,” he wrote.

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